Bell Financial Group Limited · ASX:BFG
Bell Financial — Shareholder Meeting (May 2008)
25 slides from Bell Financial's shareholder meeting presentation, May 16, 2008
Slide 1: Bell Financial Group Ltd – Annual General Meeting
16 May 2008 Australian Securities Exchange Limited Paul Vine For personal use only Company Announcements Office Company Secretary 20 Bridge Street Sydney NSW 2000 Phone: 03 9235 1961 Fax: 03 9235 1850 Dear Sir or Madam Bell Financial Group Ltd – Annual General Meeting Please find attached the presen
Slide 2: Chairman's Address
Bell Financial Group AGM – 16 May 2008 Chairman’s Address Slide 1 Before I turn to the results for 2007, I would like to first talk about our business in the For personal use only context of current market conditions and the weakness of our share price. Undoubtedly, a big milestone for us last year
Slide 3: Chairman's Address – Results Summary
Bell Financial Group AGM – 16 May 2008 Chairman’s Address It’s common knowledge that we had a look at Tricom but despite all the very attractive synergies, we decided not to proceed. But there will be other opportunities for growth - possibly as a result of major global players selling Australian as
Slide 4: Managing Director's Address
Bell Financial Group AGM – 16 May 2008 Managing Director’s Address Slide 4 Thank you Colin, good morning everyone. For personal use only I thought I would start by expanding a little on Colin’s comments on the financial result for 2007 and highlighting some key areas. I will also comment briefly on
Slide 5: Managing Director's Address – Equity Capital Markets and FUM
Bell Financial Group AGM – 16 May 2008 Managing Director’s Address Slide 7 Equity Capital Markets For personal use only Revenue grew by 24% to $47m compared to the prior year; Higher than expected fee revenue for the last quarter of 2007 resulted in annual revenue of $47m, exceeding Prospectus forec
Slide 6: Managing Director's Address – The Current Year
Bell Financial Group AGM – 16 May 2008 Managing Director’s Address Slide 9 The Current Year For personal use only It is important to reiterate that we are a 31 December balance date and unlike many, our financial year runs from 1 January – 31 December. Accordingly we are four months into our year wi
Slide 7: Business Priorities
Bell Financial Group AGM – 16 May 2008 Managing Director’s Address Slide 10 Business Priorities For personal use only Going forward our priorities remain the same. Revenue Growth Managing Expenses Opportunities for Growth & Acquisition Revenue We continue to focus on the Group’s core strengths, name
Slide 8: Managing Director's Address – Growth and Balance Sheet
Bell Financial Group AGM – 16 May 2008 Managing Director’s Address We have a strong Balance Sheet, no debt, and currency in the form of publicly quoted scrip to facilitate acquisitions. We have investigated a number of possible transactions but have not as yet identified the right deal. We continue
Slide 9: Annual General Meeting
For personal use only Annual General Meeting 16 May 2008 1
Slide 10: Colin Bell, Executive Chairman
For personal use only Colin Bell Executive Chairman 2
Slide 11: Results Summary
Results Summary For personal use only December 2007* December 2006* Change (%) Revenue $250.0m $193.1m +29.5 Net Profit after tax $35.3m $25.6m +37.6 Funds under Management $4.3b $3.5b +22.9 * Pro-forma results 3
Slide 12: Alastair Provan, Managing Director
For personal use only Alastair Provan Managing Director 4
Slide 13: Results 2007
Results 2007 For personal use only 300 300 (A$m) 2004-2007 60 60 Revenue CAGR +20% p.a. $ millions (Revenue, Overheads) 250 250 50 50 Strong profit growth 200 200 40 40 Net profit before tax: CAGR +44.4% p.a. $ millions (NPBT) 150 150 30 30 Effective cost management 100 100 20 20 Overheads: 5050 10
Slide 14: Equities
Equities For personal use only 160 160 CAGR 15.4% Equities Revenue (A$m) 140 140 2004-2007 120 120 100 100 $ millions 8080 152.2 6060 122.1 110.0 99.1 4040 2020 0 0 2004 2004 2005 2005 2006 2006 2007 2007 Financial Year 6
Slide 15: Equity Capital Markets
Equity Capital Markets For personal use only 50 CAGR 23.0% Equity Capital Markets Revenue (A$m) 45 2004-2007 40 35 30 $ millions 25 47.0 20 37.9 15 25.3 22.4 10 5 0 2004 2004 2005 2005 2006 2006 2007 2007 Financial Year 7
Slide 16: Funds Under Advice
Funds Under Advice For personal use only 3030 CAGR 26.2% Funds Under Advice (FUA) 26.7 – FUM + Sponsored Holdings 2525 22.2 22.4 Funds Under Management (FUM) 2020 17.8 – Internal and external managed 14.9 18.7 products and investment services 1515 $ billions 15.0 FUM 1010 12.5 FUA (Sponsored Holding
Slide 17: Year to Date April 2008 Results
Year to Date April 2008 Results based on unaudited internal management accounts compared with the corresponding 2007 period For personal use only Revenue1 Change (%)* Equities -12.0 Equity Capital Markets -63.0 NPAT -$3.5m 1 Based on unaudited April 2008 management accounts * On corresponding PY per
Slide 18: Alastair Provan, Managing Director
For personal use only Alastair Provan Managing Director 10
Slide 19: Resolutions
For personal use only 11 Resolutions
Slide 20: Resolution 2a – Election of Directors: Craig Coleman
Resolution 2a For personal use only Election of Directors MR CRAIG COLEMAN FOR: 124,907,850 AGAINST: 12,500 OPEN: 3,427,468 Open in favour of the Chairman 3,388,468 12
Slide 21: Resolution 2b – Election of Directors: Graham Cubbin
Resolution 2b For personal use only Election of Directors MR GRAHAM CUBBIN FOR: 124,907,850 AGAINST: 12,500 OPEN: 3,427,468 Open in favour of the Chairman 3,388,468 13
Slide 22: Resolution 2c – Election of Directors: Malcolm Spry
Resolution 2c For personal use only Election of Directors MR MALCOLM SPRY FOR: 124,895,850 AGAINST: 24,500 OPEN: 3,427,468 Open in favour of the Chairman 3,388,468 14
Slide 23: Resolution – Adoption of Remuneration Report
Resolution 3 For personal use only Adoption of Remuneration Report FOR: 124,183,844 AGAINST: 664,106 OPEN: 3,448,468 Open in favour of the Chairman 3,409,468 15
Slide 24: Resolution – Appointment of the Auditor
Resolution 4 For personal use only Appointment of the Auditor FOR: 124,905,850 AGAINST: 5,000 OPEN: 3,439,468 Open in favour of the Chairman 3,400,468 16
Slide 25: For personal use only
For personal use only 17
Bell Financial Group — Shareholder Meeting (May 2008) on 6ix